Iraq's New Dawn: International Companies to Revamp Baghdad's Transport Infrastructure, 12 FEB

Iraq's New Dawn: International Companies to Revamp Baghdad's Transport Infrastructure

In a significant stride towards modernizing its infrastructure, Iraq's National Investment Commission (NIC) announced today that it will invite international companies to bid for two major projects. The first is the construction of Baghdad's maiden elevated metro, valued at $2.5 billion, which aims to tackle the city's persistent traffic congestion. The second project involves a railway line connecting the holy cities of Najaf and Karbala.

The Metro: A Beacon of Hope Amidst Chronic Congestion

Baghdad, a city steeped in history and culture, has grappled with traffic gridlock for decades. The proposed metro system, spanning seven lines and 148 kilometers, is envisioned as a panacea for this issue. The project is expected to not only ease commuting but also stimulate economic growth and create jobs.

The NIC has emphasized that the metro will be designed to meet international standards, ensuring safety, efficiency, and sustainability. The plan includes state-of-the-art stations, comfortable trains, and integrated ticketing systems.

The Railway: Bridging the Divide Between Two Holy Cities

The railway project between Najaf and Karbala holds immense significance, as it seeks to connect two of the holiest cities in Iraq. This railway line aims to facilitate pilgrimage and foster unity among the people. The NIC anticipates that this project will bolster tourism and contribute to the region's socio-economic development.

The commission has assured potential investors that the rights of international companies will be protected, creating an attractive environment for investment. The selection process will be handled by an international consultant contracted by the Iraqi government. This consultant will be responsible for auditing and selecting the best proposals.

A Call to Action: Inviting the World to Invest in Iraq

Starting today, the NIC is welcoming bids from international companies and investors through its official website. This open invitation marks a pivotal moment in Iraq's journey towards economic revitalization and infrastructure development.

As Iraq embarks on this ambitious endeavor, it sends a clear message to the global community: it is open for business and ready to collaborate. These projects represent more than just transport infrastructure; they symbolize Iraq's commitment to progress, unity, and prosperity.

The Road Ahead: Building a Brighter Future

The announcement of these projects signifies a new chapter in Iraq's narrative. By leveraging international expertise and investment, Iraq aims to transform its transport infrastructure, improve the quality of life for its citizens, and stimulate economic growth.

In the coming weeks, the world will watch closely as the NIC reviews proposals and selects the companies that will bring these visions to life. It is a moment of anticipation and optimism, a testament to Iraq's resilience and determination to build a brighter future.

https://bnnbreaking.com/finance-nav/iraqs-new-dawn-international-companies-to-revamp-baghdads-transport-infrastructure

"RV UPDATE" BY NADER FROM MID EAST, 12 FEB

 Nader From The Mid East  

 Here's what I can tell you.  When the dinar changes everybody will know.  Everybody in the whole world, everybody knows about.  It will be all over the news.  When Iraq will be sovereign again, when somebody declare the end of war and everything, that's what's going to happen...

 A lot of people's comparing Iraq with Kuwait.  Kuwait is only 4,400,000 people...they have 104 billion barrels of oil.  Iraq has 140 billion barrels oil and this is only with the 4 or 5 manufacturers.  The other ones are not working yet.  Iraq from here to 2025 will almost 300 billion barrel of oil...

 Algeria is big and has a lot of assets but they have a lot less than Iraq and their dinar is stronger than Iraqi dinars.  If you look a the Tunisian dinars, Tunisia has nothing...and their dinars are 3 to 1 - Three dinars to $1.  My point is these people has nothing.  They're coming out a revolution.  They is a mess.  It's completely a mess.  They lost a lot.  The private sector is a mess and its [their dinar] is still strong.   Iraq, this rate is still a punishment rate...They have to revalue.  If they revalue they're going to revalue 1 to 1.

We coming out from war.  We coming out from the worst thing in our life.  We just start to walk...We just start to grow...It almost collapsed but didn't collapse.  It maintained itself and maintained himself stable...The only thing that destabilize the economy of Iraq is the war...Iraq is a very strong country...In a couple years Iraq is going to be one of the stronger countries in the world...Iraq is very strong.

  Iraq survived the worst thing in their life.  We survived 3 or 4 wars in the last 50 years.  We survived it and each time we came back and we came back strong.  This time we're going to come back very strong...Iraq economy never collapse by himself.  Iraq economy always stable unless somebody else disable it for them.  Iraq's economy is one of the best economy in the world and it's going to come back to the best economy in the world.  The negative things about Iraq will never revalue, it's a scam, that's all bullshit.  Iraq's going to come back one day and it's coming to come back soon. 

https://dinarevaluation.blogspot.com/2024/01/we-coming-out-from-war-by-nader-from.html

Good News✅Iraqi Dinar Weekend Revaluation / Iraqi Dinar Currency / Iraqi...

Military spokesperson: Iraq-US military committee back in action, "unless something gets in the way", 12 FEB

Military spokesperson: Iraq-US military committee back in action, "unless something gets in the way"

Shafaq News/ Regular meetings between the Iraqi and U.S. military committees will be resumed, said spokesperson Major General Yahya Rasool on Sunday, "unless something gets in the way.

The spokesperson for the Commander-in-Chief of the Iraqi Armed Forces said the talks touch on the "military situation, threat level, operational environment, and capabilities of the Iraqi armed forces."

The meetings, according to Rasool, will discuss a timeline for a "well-considered and gradual termination of the Anti-ISIS international coalition" and "transitioning to bilateral ties." 

"Unless something gets in the way, those meetings will take place on a regular basis to complete the task of the committee as soon as possible," he concluded.

"RV UPDATE" BY GOLDILOCKS, 12 FEB

 GOLDILOCKS

"From Coal to Clean: The Economic Challenge of Shifting Energy Paradigms"

Our world is transitioning into clean energy paradigms. It is causing some of our fossil fuel communities to be vulnerable. People will be moving into new companies leaving old ones behind during this process. There will be many adjustments that will need to be done on so many levels inside our new economy.

This will cause a shift in monetary policies and prices on energy sectors of the market. Commodities are expected to go into a bull market for several years when this transition is fully complete due to the fact of this change  in the way we work and live. 

This is another reason why it is important to watch The Debt Clock. Watch for a resetting of prices in gold, silver, and oil. What used to be the oil sector now reads "from oil to solar." Interesting don't you think.

Each week, my friend Freedom Fighter spends time with people going over the debt clock. I hope you seek out this room through "Seeds of Wisdom." It is both fun and enlightening for the people who are working together to understand the changes taking place on the debt clock.

© Goldilocks

https://oilprice.com/Energy/Energy-General/From-Coal-to-Clean-The-Economic-Challenge-of-Shifting-Energy-Paradigms.html

Breaking News💥Iraq Bank Released New Rate Of IQD Today 2024 / Iraq Curre...

The Minister of Finance participates in the activities of the Eighth Arab Public Finance Forum in Dubai , 12 FEB

  The Minister of Finance participates in the activities of the Eighth Arab Public Finance Forum in Dubai

2/11/2024   Baghdad - 

Today, Sunday, Minister of Finance, Taif Sami Muhammad, participated in the activities of the Eighth Arab Public Finance Forum in Dubai.

The Ministry said in a statement received by the Iraqi News Agency (INA): “Minister of Finance, Taif Sami Muhammad, participated in the activities of the Eighth Public Finance Forum for Arab Countries under the title of designing more efficient financial policies to address challenges related to debt and future financial issues in light of more stringent financing restrictions and tax management.” and reform of public sector institutions.

She added that “the forum discusses financial policy issues and the prospects for economic and financial developments, with the aim of exchanging experiences and expertise and identifying the challenges facing economic policy makers and reform priorities in Arab countries,” noting that “the forum is held in cooperation with the International Monetary Fund, and in the presence and participation of Arab finance ministers and governors.” Central banks and Arab monetary institutions, along with a number of heads, senior officials and experts from international and regional financial institutions.”

She continued, "The forum also addresses the challenges of reforming and supporting energy and strengthening social safety networks, with the aim of achieving a future characterized by sustainability and social solidarity. The forum also addresses the balance sheet-based approach to creating value from public assets in order to enhance the ability of governments to achieve their goals, in addition to the importance of Enhancing domestic revenue mobilization to confront spending pressures and achieve comprehensive and sustainable economic growth, by improving tax administration, while evaluating the progress achieved in the Arab region.” LINK